Modifications to Contracts and Credit and Collection Policy. Such Transferor will not make any change to the Credit and Collection Policy that would impair the collectability of any Receivable originated by it or reasonably be expected to have a Material Adverse Effect without the consent of the Buyer and the Administrative Agent. Except as otherwise permitted in its capacity as Servicer pursuant to the Credit and Security Agreement, such Transferor will not extend, amend or otherwise modify the terms of any Receivable or any Contract related thereto other than in accordance with the Credit and Collection Policy.
Appears in 7 contracts
Sources: Receivables Sale Agreement (Smithfield Foods Inc), First Amendment to Fifth Amended and Restated Credit and Security Agreement (Smithfield Foods Inc), Receivables Sale Agreement (Smithfield Foods Inc)
Modifications to Contracts and Credit and Collection Policy. Such Transferor will not make any change to the Credit and Collection Policy that would impair could reasonably be expected to adversely affect the collectability collectibility of any Receivable the Receivables originated by it or reasonably be expected to have a Material Adverse Effect without decrease the consent credit quality of the Buyer and the Administrative Agentany of its newly created Receivables. Except as otherwise permitted in its capacity as Servicer pursuant to the Credit and Security Agreement, such Transferor will not extend, amend or otherwise modify the terms of any Receivable or any Contract related thereto other than in accordance with the Credit and Collection Policy.
Appears in 6 contracts
Sources: Omnibus Amendment (WestRock Co), Receivables Sale Agreement (WestRock Co), Receivables Sale Agreement (WestRock Co)
Modifications to Contracts and Credit and Collection Policy. Such Transferor will not (and will not permit Originator to) make any change to the Credit and Collection Policy that would impair the collectability of any Receivable originated by it or reasonably be expected to have a Material Adverse Effect without materially andadversely affect the consent collectibility of the Buyer and Receivables or any significant portion thereof, or materially decrease the Administrative credit quality of newly created Receivables unless such change shall be consented to by the Agent. Except as otherwise permitted in its capacity as Servicer pursuant to Article VIII of the Credit and Security Purchase Agreement, such Transferor will not extend, amend or otherwise modify the terms of any Receivable or any Contract related thereto other than in accordance with the Credit and Collection Policy.
Appears in 1 contract
Sources: Receivables Sale Agreement (Navistar Financial Corp)